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president obama and house speaker john boehner spoke on the phone about the situation yesterday. among the major sticking points is republican support for continuing tax cuts for the wealthiest americans, something mr. obama disagrees with. >> we could probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to get it done. >> mr. obama's treasury secretary, tim geithner, went a step further, saying that the president would allow the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the coun
president obama and house speaker john boehner spoke on the phone about the situation yesterday. among the major sticking points is republican support for continuing tax cuts for the wealthiest americans, something mr. obama disagrees with. >> we could probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to...
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>> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal cliff, which, of course, in all common sense and sanity that's what we would do. we have to act. we're on automatic here. you know that. right now i can feel the contrary happening. in both caucuses and the senate, people are beginning to to the inside interest groups so the democrats say don't touch entitlement programs and republicans say i won't support -- >> neil: that's what i'm hearing. driving it further apart. >> yeah, you not going to make it happen that way. there is beginning to be -- there are two conspiracy theories now. one is that the leaders won't mind if the country goes over the cliff because th
>> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal...
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Dec 6, 2012
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we know president obama and speaker boehner spoke on the phone last night, talked a lot about that even though we don't know what they discussed. the first read team says a fiscal cliff deal is in sight. what do they think the big deal will be? join our conversation on twitter. find us at @tamronhall a and @newsnation. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probabl
we know president obama and speaker boehner spoke on the phone last night, talked a lot about that even though we don't know what they discussed. the first read team says a fiscal cliff deal is in sight. what do they think the big deal will be? join our conversation on twitter. find us at @tamronhall a and @newsnation. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or...
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Dec 9, 2012
12/12
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WUSA
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but, look, as soon as what president obama wants is speaker boehner say he's going to give on the tax rates. as soon as that happens it will unlock everything else. the white house says boehner knows they will be willing to make structural reform to entitlements and take on his own party on that matter, but they want that concession from boehner about the rates. and you saw boehner walk right up to the line on friday by suggesting maybe it could go from 35 to 37 or give a little bit. they tried to walk that back. as soon as that conservation happens, that will unlock everything. >> schieffer: can speaker boehner deliver the votes in his caucus if in fact he makes a deal? >> i don't think he that's say it. high doesn't have to say it out loud. s that's thing. he needs to signal it in some way and then you'll have a two-stage process. they'll do the fiscal cliff stuff and tax reform by august 1 of next year. >> but the speaker so far has not had a rebellion underneath him. he has said things that continue to move in this direction without a rebellion. here's what happened oned with. the
but, look, as soon as what president obama wants is speaker boehner say he's going to give on the tax rates. as soon as that happens it will unlock everything else. the white house says boehner knows they will be willing to make structural reform to entitlements and take on his own party on that matter, but they want that concession from boehner about the rates. and you saw boehner walk right up to the line on friday by suggesting maybe it could go from 35 to 37 or give a little bit. they tried...
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Dec 6, 2012
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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Dec 6, 2012
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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. >>> also ahead on "starting point," president obama and speaker boehner talk on the phone about the fiscal cliff. but will they be meeting face to face and will they get anything done before it's too late? up next, oregon senator jeff merkley. he's a member of the budget committee. >>> and kobe bryant joins an elite club with basketball greats like michael jordan and kareem abdul-jabbar. his impressive feat, we'll tell you all about it. >> the greatest player in the history of the los angeles lakers. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know mo
. >>> also ahead on "starting point," president obama and speaker boehner talk on the phone about the fiscal cliff. but will they be meeting face to face and will they get anything done before it's too late? up next, oregon senator jeff merkley. he's a member of the budget committee. >>> and kobe bryant joins an elite club with basketball greats like michael jordan and kareem abdul-jabbar. his impressive feat, we'll tell you all about it. >> the greatest player...
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number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy.
number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense...
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president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a middle-class family to make the self-evident point if the there is a deal and taxes are raised by about $2,000 they'll be happier and spend more money. that's the p.r. side of this. much more importantly, for the deal, the two key players yesterday picked up the phone. the phone call relatively brief and substantive, though details remain illusive. shorter, sources say. the last week 28-minute conversation described then as curt, direct and frank. no one with this call used such barbed words and occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> if the administration, are they prepared to go over the fiscal cliff? >> absolutely. no prospect or agreement that do
president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a middle-class family to make the self-evident point if the there is a deal and taxes are raised...
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a house aide says president obama and house speaker john boehner spoke on the phone yesterday afternoon. that is their first conversation in a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts. aides refuse to say if the president and speaker are now closer to a deal. for both sides a little more campaigning. president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family to press congress to protect those making less than $250,000 a year from tax increases and raise rates on those making more. house republicans return to their congressional districts. they will meet with small business owners to underscore how they say tax rate increases will hit those business, jon. jon: are they still hung up on taxes? is that the big sticking point? >> yes. taxes are the key to this debate. republicans say they will increase tax revenue through cutting tax deductions. democrats say tax rates have to increase for families earning more than $250,000 a year. they're demanding repub
a house aide says president obama and house speaker john boehner spoke on the phone yesterday afternoon. that is their first conversation in a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts. aides refuse to say if the president and speaker are now closer to a deal. for both sides a little more campaigning. president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family...
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while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face...
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speaker john boehner is still waiting for a new proposal from president obama, that is all uncording to an unnamed aide to the speaker. meanwhile some republicans are calling on speaker john boehner to give the president what he wants on taxes so the party can focus on cutting entitlement programs. >> a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. >> if speaker john boehner ends up with senator corker has just said he is we will get a large agreement. but speaker john boehner hasn't said that, and so we democrats realize that there have to be two sides to this bargain. jon: special report anchor bret baier joins us now in washington. if people like senator corker say the tax increases would be okay with them on the highs income earners in this country it seems that that is bound to be part of the deal that transpires here. >> reporter: jon, senator cork eris not in the house corkerre
speaker john boehner is still waiting for a new proposal from president obama, that is all uncording to an unnamed aide to the speaker. meanwhile some republicans are calling on speaker john boehner to give the president what he wants on taxes so the party can focus on cutting entitlement programs. >> a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top...
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. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on the top two percent of wage earners and curbing loopholes. boehner's counter was little changed-- $800 billion in revenues from closing loopholes and capping deductions, but no rate hikes. republicans have also demanded entitlement reform, and in a tuesday interview, the president would not rule out raising the medicare eligibility age by two years to 67. today, his white house spokesman, jay carney, summed up. >> he is willing to make tough choices and he has made clear and specified the spending cuts he is willing to make and he is willing to go further as part of a broader deficit reduction plan. but he will not ex
. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on...
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president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, gd morning. >> reporter: good morning, charlie and norah. the president will cross over the potomac into northern virginia to meet with a family who says their taxes don't go up, they'll be happier and spend more money. that's the pr side of this. much more important, the context of the deal, keet players yesterday picked up the phone. phone call relatively brief and substantive. details remain elusive. it was shorter, sources say, to last week's 28-minute conversation described them as curt, direct and frank. no one familiar with this call used such barbed words. it also occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans
president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, gd morning. >> reporter: good morning, charlie and norah. the president will cross over the potomac into northern virginia to meet with a family who says their taxes don't go up, they'll be happier and spend more money. that's the pr side of this. much more...
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obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love and president mors says the rescind his powers to rested a civilian industry? >> good news tonight. he knowledg he had to make a concession that doesn't matter in the long run. it iall about t referendum for the islamist constitution. >> he has not backed away. lou: giving the obama administration, john negroponte e ging support do you agree things are betterhan six months ago? >> here i have to agree they acknowledge immorality. egypt is going in a bad direction. there is nothing we could have done. >> egypt has retained with the policies it is pursuing. the decision to go to day u are the political expert , to go into michigan that frustrates the president ey just soldd a123 1/4 million taxpayer money and 13 union workers going ba to chrysler. it is the
obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love and president mors says the rescind his powers to rested a civilian industry? >> good news tonight. he knowledg he had to make a concession that doesn't matter in the...
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Dec 10, 2012
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even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he has been trained, i think the president wants to go over the cliff because that will achieve the things he was buried he wants to break up the republican party. he wants to break its back and then he also wants to go over the cliff because he wants to have a financial crisis because if you look at the study, that is the only way he can really achieve the type of social and fiscal non-responsibility he wants to achieve. that is break the back of the economy and then we have a crisis and then he will come in and fix it. it is a very socialist way that will be unacceptable to most americans accept t
even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he...
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Dec 10, 2012
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today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. i ac
today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate...
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Dec 7, 2012
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. >> reporter: aides to president obama and speaker boehner met yesterday afternoon. but that meeting ended with no discernible signs of progress. rob and paula? >> thanks, tahman. >>> once the numbers are all tallied, they're going to show that the 2012 presidential election was the most expensive in history. campaign finance statements put the total cost at well above $2 billion. virtually split down the middle between president obama and mitt romney. that includes nearly $86 million raised by romney during the election's final weeks. >>> and someone who has apparently run his last senate republican jim demint. he announced yesterday he is leaving the senate on january 1st in order to leave a conse e conservative thinktank. whoever is chosen to lead the south carolina governor, a special election in 2014 to finish out his term. >>> a new twist in the very bizarre case of software pioneer john mcafee. the former fugitive is waking up in a detention cell in guatemala this morning, one day after being hospitalized. mcafee told abc news he suffered chest pains and then
. >> reporter: aides to president obama and speaker boehner met yesterday afternoon. but that meeting ended with no discernible signs of progress. rob and paula? >> thanks, tahman. >>> once the numbers are all tallied, they're going to show that the 2012 presidential election was the most expensive in history. campaign finance statements put the total cost at well above $2 billion. virtually split down the middle between president obama and mitt romney. that includes nearly...
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president obama and house speaker john boehner spoke by phone for the first time in days. no details on that conversation. the two sides are at a state mail over raising attacks on incomes over $250,000. an international news alert. there are fears that the syrian government is getting ready to drop a nerve gas on his own people. the gas is being mixed in bombs for potential use. as ainsley earhart reports, the united states is promising consequences for the gas is excused against the syrian people. >> reporter: it appears there has been an alarming escalation in the syrian civil war, the country's government preparing nerve gas bombs and awaiting the orders from president assad to use them. u.s. officials relying on surveillance said there was no evidence that this had begun. >> we have sent an up mistakeable message that this would cross a red line and those responsible would be held to account. >> reporter: a senior u.s. official telling fox the gas bombs must be used within 60 days in order to be viable inform deployed. the gas could till thousands instantly. some 40,0
president obama and house speaker john boehner spoke by phone for the first time in days. no details on that conversation. the two sides are at a state mail over raising attacks on incomes over $250,000. an international news alert. there are fears that the syrian government is getting ready to drop a nerve gas on his own people. the gas is being mixed in bombs for potential use. as ainsley earhart reports, the united states is promising consequences for the gas is excused against the syrian...
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Dec 9, 2012
12/12
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CSPAN
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even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he has been trained, i think the president wants to go over the cliff because that will achieve the things he was buried he wants to break up the republican party. he wants to break its back and then he also wants to go over the cliff because he wants to have a financial crisis because if you look at the study, that is the only way he can really achieve the type of social and fiscal non-responsibility he wants to achieve. that is break the back of the economy and then we have a crisis. and then he will come in and fix it. it is a very socialist way that will be unacceptable to most americans accept
even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he...
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Dec 11, 2012
12/12
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MSNBCW
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both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open to spending cuts but held firm to raising taxes on the wealthiest americans. >> what you need is a package that keeps tacks where they are for middle-class families, we make some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a splietly higher tax rate and that's a sprins pl i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all of our tax breaks and then we're asking students to pay higher student loans. >> ah, but republican senator lindsey graham isn't holding back on what he thinks of the president's plan. while acknowledging the republi
both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open to spending cuts but held firm to raising taxes on...
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WBAL
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president obama and house speaker john boehner could be off to a fresh start in their efforts to avoid the looming fiscal cliff. the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister are holding surprise talks today on the deepening crisis in syria. the u.s. is concerned that syrian president assad's regime is on the verge of releasing chemical weapons against its own people. allies want assad to step down to prevent bloodshed. russia is syria's strongest ally. so support for any plan is critical. >>> search and rescue teams are still finding survivors two days after a powerful typhoon bopha struck the southern philippines, but the death toll has climbed beyond 375, and hundreds of people are still missing there. survivors include a 3-year-old child pulled from under a crumbled house an
president obama and house speaker john boehner could be off to a fresh start in their efforts to avoid the looming fiscal cliff. the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister...
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. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be addressed. especially they will talk o on a phone only once per week. it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are going to need, but as f
. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they...
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president obama and house speaker john boehner have shared their new versions of their plans. neither has sealed the deal yet. the white house asking for $1.4 trillion in new tax revenues. instead of the 1.6 trillion demanded for republicans making a counteroffer. less known about the details of the counter offer. 20 days and counting for 500 billion in automatic tax hikes and spending cuts. the congressional budget office tells us for recession. of course, have you congress going on vacation. that happens in two days. with technically 48 hours to go, let's get to elijah cummings. do you think you will have a deal before you go off on break? >> i do. if you asked me a few days ago, i would have said no. >> why? >> the parties are talking. they are talking, exchange of paper but proposals, but they are meeting. we had the business round table yesterday. major corporations in the country saying, look, revenue, increase in rates, must be a part of this deal. i think all of the things are coming together and we have to see what comes out again. look at where we were a week or two
president obama and house speaker john boehner have shared their new versions of their plans. neither has sealed the deal yet. the white house asking for $1.4 trillion in new tax revenues. instead of the 1.6 trillion demanded for republicans making a counteroffer. less known about the details of the counter offer. 20 days and counting for 500 billion in automatic tax hikes and spending cuts. the congressional budget office tells us for recession. of course, have you congress going on vacation....
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washington insiders say it is up to president obama and the house speaker boehner to work out a deal to avoid the fiscal cliff what if they say we have a deal, wouldn't players on both sides, the tar right and the far left, be angry? would it make more sense to wait until the last minute and then tell us? could that be what is going on? >>shepard: north korea is reportedly planning a rocket launch. technical glitch forced officials to add an extra week to the take off window. they now report the launch will take place some time before december 29. officials claim they are trying to put a satellite in space but the united states does not believe it. they say the regime is planning to test a long-range nuclear capable ballistic missile. the navy moved warships to the region to track and possibly defend against the planned launch. defend. and now the news from washington, dc. what are foes saying in the united states about this? >> only that the delay appears to is done nothing to dissuade north korea from moving ahead with what is believed an effort to build an intercontinental missile
washington insiders say it is up to president obama and the house speaker boehner to work out a deal to avoid the fiscal cliff what if they say we have a deal, wouldn't players on both sides, the tar right and the far left, be angry? would it make more sense to wait until the last minute and then tell us? could that be what is going on? >>shepard: north korea is reportedly planning a rocket launch. technical glitch forced officials to add an extra week to the take off window. they now...
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. >> a fox urgent, breaking news on a one-on-one meeting held between president obama and house speaker boehner on the so-called fiscal cliff. and the two most important players involving the financial future of our nation. i'm harris falkner, we're told a meeting was held behind closed door and without the media's knowledge and both men tight-lipped about what was said and when we asked for comments, both giving us the same statement, quote, this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff, we're not reading out details of the communication, but the lines of communication remain open, end quote. this meeting comes as the white house and congress appear to be at at impasse, you know by now is crippling spending and tax hikes and could cost us jobs and send us back into recession and to solve the problem, republicans say we must prevent our ballooning national debt from crushing generations. and chief white house correspondent now ed henry joins us by phone with the latest on this breaking story, ed, they kept this und
. >> a fox urgent, breaking news on a one-on-one meeting held between president obama and house speaker boehner on the so-called fiscal cliff. and the two most important players involving the financial future of our nation. i'm harris falkner, we're told a meeting was held behind closed door and without the media's knowledge and both men tight-lipped about what was said and when we asked for comments, both giving us the same statement, quote, this afternoon the president and speaker...
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lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the n
lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end...
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speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been no progress and there will be nor jockeying and leverage the next week. >> i want to point out in the president's weekly address that was issued yesterday, he says there's wiggle room by democrats to come up with a solution. >> that's true. that's what president obama -- he's been saying to republicans here and there, i'm willing to put more on the table but pour the moment, democrats are saying don't touch social security, don't cut medicare. this will come down to whoever blinks first on tax rates. republicans are going to bend on tax rates. maybe not $250,000 threshold, maybe closer to a million. b
speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been...